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Summerstown Mortgage Information

Average Mortgage Loan in Summerstown: $92,068

How Summerstown Ranks in Ontario for Mortgage Business

The following table lists how Summerstown ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
282SCHOMBERG, ON 0.019%
283LIMOGES, ON 0.019%
284LIVELY, ON 0.019%
285CHAPLEAU, ON 0.019%
286THORNBURY, ON 0.019%
288MANOTICK, ON 0.019%
289NOELVILLE, ON 0.017%
290LOWBANKS, ON 0.017%
291METCALFE, ON 0.017%
292COOKSTOWN, ON 0.017%

Types of Mortgage Inquiries Received from Summerstown

Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 36.4%
First-time Home Buyer: 27.3%
Mortgage Renewal: 18.2%
Refinance / Debt Consolidation: 9.1%
No Money Down Mortgage (discontinued): 9.1%
Total Application Types Found: 5

Age Demographics for Summerstown Mortgage Applicants

Average age: 42
Oldest age: 64
Youngest age: 26

Incomes for Summerstown Mortgage Applicants

The amounts shown below represent the average income of people living in Summerstown who have applied for a mortgage loan using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Summerstown: $43,478.27
applicants within all of Canada: $60,852.54
Difference: ($17,374.27)

Note: Commercial loan amounts were not included for this report, only residential mortgages from Summerstown, Ontario were used.

Last mortgage report update for Summerstown: Friday, July 1, 2016
Mortgage Calculator
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Sault Ste Marie.

Mortgage Product Type Inquiries
First-time Home Buyer23.39%
Mortgage Pre-approval19.76%
New Purchase18.55%
No Money Down discontinued15.73%
Refinance/Consolidate Debt10.48%
Mortgage Renewal5.24%
Brand New Mortgage Calculator
Use our new mortgage calculator and strike a balance between maximizing your payment schedule and leaving yourself enough breathing room to live comfortably. By simply changing your mortgage amount, amortization period, interest rate, or payment frequency you can determine the best mortgage for your unique situation.
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